Global Industry Analysts, Inc. (GIA) launches comprehensive analysis of industry segments, market trends, growth drivers, market share, size and demand forecasts on the global Data Center Infrastructure Management (DCIM) market. Market segmentation includes by Component (Solutions; Services) Application (Asset Management; Capacity Planning; Power Monitoring; Environmental Monitoring; Other Applications); Vertical (BFSI; Manufacturing; IT & ITeS; Telecommunications; Healthcare & Life Sciences; Other Verticals).
Companies looking to differentiate themselves in an intensely competitive and technology-driven world are turning towards data centers. Besides these trends, the turbulent economic environment of the past few years has led to increased demand for data center services. The recent economic upheavals, especially in developed economies such as the United States and Europe, have thrown the spotlight onto data center outsourcing, due to the enhanced need for companies to cut costs in managing data and its infrastructure. Global data center industry is playing a prominent role in facilitating massive shift of businesses, organizations and schools to online services for continued operations during the pandemic. Despite witnessing increasing workload, data centers are expected to continue providing digital infrastructure services seamlessly. The growing demand for data centers is reflected by revenue gains, providing a major impetus to the industry. In addition, leading users of data centers including Amazon Web Services, Google and Microsoft are pursuing expansion strategies. These players are expected to bolster the industry growth with self-operated and co-location facilities, leading to gains for third-party data centers. While the outbreak is expected to delay construction and expansion projects, it is unlikely to impact these plans. The COVID-19 crisis is also expediting digital transformation as companies across different sectors are realizing the significance of digital infrastructure. Cloud services are bound to experience robust demand, barring certain verticals that are likely to strive for survival. Participants in the data center industry are expected to witness extensive adoption of network services for supporting transition towards digital platforms. The trend is anticipated to offset business loss from sectors hit hard by ongoing lockdowns and shutdown of businesses. While the outbreak is likely to affect construction of new data centers and visits to new properties, the data center industry is anticipated to exhibit resiliency, continue supporting operations, and propel the global economy in the coming months.
COVID-19 crisis is affecting various sectors in different ways. While the adoption of streaming media and cloud platforms is increasing, airlines, movie theaters and cruise companies are left without business. The data center industry is being propelled by increasing demand for essential service provides, leading to robust gains for video conferencing apps such as Zoom, social media platforms, cloud collaboration platforms, educational portals, gaming or streaming media, and VPN specialists. On the contrary, industries such as retail, transportation and small businesses are dealing with dramatic decline in business. In addition, the outbreak along with sharp decline in oil prices has adversely affected the energy sector. However, gains from some sectors are expected to overshadow losses for data centers from troubled sectors as the latter were not the primary end-users of tech services. On the other side, immense growth potential from newer industries is expected to help data center operators in achieving lucrative gains. Rather than experiencing major changes in terms of customer churn or leasing owing to the uncertainty, majority of data centers are reaping rich dividends from continuing transition towards digital delivery. The COVID-19 has resulted in a notable uptick in demand, benefitting connectivity-related options including cross-connects, bandwidth, virtual cross-connects, cloud on-ramps and ports. Factors such as restrictions on labor mobility and access to sites are pushing the adoption of remote-hands services. In addition, rising investment in digital infrastructure is likely to expedite migration from on- to off-premise, while the outbreak may considerably promote the adoption of video conferencing. However, the COVID-19 pandemic is anticipated to affect non-interconnect retail providers serving mid-sized enterprise clients that are likely to consider new deals over the short-term. While the industry witnessed more focus on provisioning of more network services, the scenario is anticipated to hold implication for colocation footprints as the bandwidth can be increased up to a certain point beyond the original provisioned capacity. The COVID-19 outbreak has highlighted the significance of data centers as critical enablers of business continuity.
This latest edition of the research study is conducted and published by Global Industry Analysts, Inc., in close collaboration with senior executives in the industry driving strategy, business development, marketing, sales, product management, technology and operations. The views, opinions and findings presented are based on validated engagements from a total executive pool size of 22454. Among this pool, 2021 direct interactions with domain experts were carried out via our proprietary market research platform, MarketGlass. Among the 449 unique participations, a total of 202 validated responses were received as part of this report's primary research outreach program. We are unique in the industry to provide our clients with the validated list executive engagements and the complete project data stack.
Key Competitors Covered in the Report -
Johnson Controls International plc
Eaton Corporation PLC
Segments Covered in the Report -
Component (Solutions, Services)
Application (Asset Management, Capacity Planning, Power Monitoring, Environmental Monitoring, Other Applications)
Vertical (BFSI, Manufacturing, IT & ITeS, Telecommunications, Healthcare & Life Sciences, Other Verticals)
Geographies Analyzed in the Report -
Rest of Europe
Rest of Asia-Pacific
Rest of Latin America
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About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) (www.strategyr.com) is the world`s only influencer driven AI powered market research company. Serving more than 41,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for 33 years, offering the widest coverage of topics, geographic markets, competitive brands, and companies profiled.
Director, Corporate Communications
Global Industry Analysts, Inc.